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one question with sub part like will be given 2. Gale. McLean, and Lux are partners of Burgers and Brew Company with capital balances as

one question with sub part
like will be given
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image text in transcribed
image text in transcribed
image text in transcribed
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2. Gale. McLean, and Lux are partners of Burgers and Brew Company with capital balances as follows Gale, $89.000, McLean, 579,000, and Lux. $152.000. The partners share profit and losses in a 325 ratio. McLean decides to withdraw from the partnership Prepare General Journal entries to record the May 1, 2020, withdrawal of Mclean from the partnership under each of the following unrelated assumptions a. McLean sells his interest to Freedman for $173,000 after Gale and Lux approve the entry of Freedmari as a partnet (where McLean receives the cash personally from Freedman) View transaction ist Jook Journal entry worksheet eBook Print Record the admission of Park. Note: Enter debits before credits. General Journal Debit Credit Date May 01, 2020 c. McLean is paid $79,000 in partnership cash for his equity View transaction list Journal entry worksheet

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